Datagro first to buy Cbios in deal with Adecoagro, Sucden and Santander

June 15, 2020 |

In Brazil, Reuters reports that the first Cbios deal was completed last week when Datagro purchased 100 of them at about $9.70 each from Adecoagro. Sucden was the broker while the purchase was financed by Santander. The credits are meant to offset the carbon emissions of Datagro’s future in-person events. The government hopes to see fuel companies buy 14.5 million Cbios this year as Renovabio kicks off. Santander says it stands ready to finance the transactions and that 3 million Cbios are already in stock.

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Category: Fuels

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